Non-banking financial company STFC had provided a guarantee of about 8.72 billion rupees ($126.86 million) in favour of SVL for the NCDs issued three years back, according to its 2017-18 annual report released on Friday.

The company is desirous of offering the ninth series of its rated, listed, unsecured, redeemable, non convertible debentures (NCDs) aggregating to Rs 1,000 crore in one or more tranches, Tata Motors said in a regulatory filing.

It added that the issuance is pursuant to the approval of the shareholders at the 70th Annual General Meeting of the company held on August 13, 2015 and the Board's resolution passed at its meeting held on March 30, 2016.

As per the suit filed, Royal Enfield has infringed Flash electronics’ patent on “Regulator Rectifier Device and Method for Regulating an Output Voltage of the Same” duly issued by the United States Patent & Trademark Office (USPTO) to Flash Electronics on February 20, 2018 after Flash’s R&D department made a breakthrough invention of the component in 2014.